393 tal-2013 - Ordni tal-2013 dwar Eżenzjoni mit-Taxxa skont l-Artikolu 23

L.N. 393 of 2013

DUTY ON DOCUMENTS AND TRANSFERS ACT

(CAP. 364)

Exemption of Duty in terms of article 23 Order, 2013

BY VIRTUE of the powers vested in him by article 23 of the

Duty on Documents and Transfers Act, the Minister for Finance has

made the following order

In respect of transfers of property, made on or after the 5th

November 2013 but before the 31st December 2014, which qualify

for relief of duty under article 32(4)(a) of the Duty on Documents and

Transfers Act, no duty shall be chargeable on the first one hundred

and fifty thousand euro (€150,000) of the aggregate value of the

consideration paid for the acquisition of such property by a person,

provided that this is the first immovable property acquired inter vivos

by such person and provided that the notary who receives any deed of

such a transfer shall record in the deed a written declaration by the

person so acquiring that this is the first immovable property acquired

inter vivos by him and the notary shall warn the said person of the

importance of the truthfulness of such declaration

Provided also that relief granted under this Order shall not apply

to any transfer of property where a notice of a promise of sale or

transfer relating to such property has been given to the Commissioner

in accordance with the provisions of article 3(6) of the Duty on

Documents and Transfers Act or of rules made under that Act before

the 1 July 2013.

€0.09